Expense Reimbursement Software
With ExpenseOut —the AI-powered expense reimbursement software— companies can now automate the entire process of submitting, tracking, and approving claims from employees for their business travel expenses.
Smarter tracking & reporting of business expenses
The intelligent expense reimbursement solution can
- Allow employees to scan receipts with their phone through OCR functionality
- Store the receipts online in a digital vault and make them accessible anytime
- Read important data, including merchant name, amount, spend category from receipt
- Check the uploaded receipts for policy compliance
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End to end expense reimbursement software
ExpenseOut reliably takes care of the entire process of reimbursement, starting from submitting an expense claim to processing an online reimbursement after multi-level approval.
The employees
- Pain-free filing of expenses online
- Automatic generation of expense reports
- Faster reimbursements
- Elimination of the need to carry around paper receipts
- Improved productivity
The finance team
- The ability to set up reminders for approvals/ submissions that automatically alert employees and/or approvers
- The ability to configure an expense approval workflow
- End to end visibility of all travel and other expenses
- Real-time access to reimbursement claims
- Audit readiness
The management / approvers
- Automatic approval of expense reimbursement claims
- Enforcement of expense policy across all spend categories
- Comprehensive reports in an individual/ department/ spend category-wise manner
- Real-time data for making better business decisions
Highlights of ExpenseOut integrated expense reimbursement software for travel and spend management
Using ExpenseOut, companies can achieve end-to-end visibility over their travel spending in real-time.
100% corporate policy compliance & fraud prevention
Companies can make use of the expense reimbursement software for:
- Creating travel and expense policies based on designation/ department
- Checking automatically for policy compliance
- Helping the finance team stay audit-ready with expense receipt compliance
- Preventing overspending and misuse of company funds
Experience same day reimbursements now
Multi-level approval capabilities of the industry-leading expense reimbursement software
ExpenseOut can simplify the work of everyone involved in the reimbursement process and consequently save thousands or millions of dollars for the company, taking into account the wasted resources and high level of fraud and misreporting associated with manual expense reporting.
ExpenseOut expense reimbursement software results that stand out
The expense reimbursement software lowers the finance team’s burden when it comes to checking each paper receipt or employee expense report. Notably, the finance team can rely on the solution to auto-flag dubious entries in the expense report and even spot potentially fake receipts.
Also, the software allows the finance team to have hundreds of expense reports at their fingertips and view all the crucial information on easy-to-read dashboards along with painlessly reporting the same to the management.
Also, the software allows the finance team to have hundreds of expense reports at their fingertips and view all the crucial information on easy-to-read dashboards along with painlessly reporting the same to the management.
Misreporting and fraud in expense claims cause companies to lose billions of dollars every year. Since the receipt filing is read automatically, error in the reimbursement amount is cut down drastically.
Besides, the finance team and management can set up tons of simple approval workflows that act as checks for policy violations.
Besides, the finance team and management can set up tons of simple approval workflows that act as checks for policy violations.
At organizations where employees have to manually file their expense reports through spreadsheets or legacy systems, there is a significantly higher rate of dissatisfaction among employees. To add to employee woes, the reimbursements can take up to a week or more.
When expense report filing, approval, and reimbursement are automated—with all the appropriate checks in place and 100% visibility at all stages—employees get their money back instantaneously and report being delighted with the process.
When expense report filing, approval, and reimbursement are automated—with all the appropriate checks in place and 100% visibility at all stages—employees get their money back instantaneously and report being delighted with the process.
More ExpenseOut features that make it a favorite expense reimbursement software across the world
Effortless management of corporate travel expenses
- Easily track travel spending across all categories
- Have total visibility of all travel spends
- Maximize savings by optimizing spending
- Automatic reminders/ notifications to ensure timely reimbursement claims
- Ensure seamless reconciliation of all travel expenses owing to powerful integrations
Mileage tracking app for on-field employees
- GPS based mileage tracking for on-field workers
- Setting up differential mileage rates depending on vehicle type, etc.
- An accurate log of daily mileage covered
Automatic expense fraud detection and prevention
- Allow employees to explain or resubmit reimbursement claims that violate policy
- Automatically detect out-of-policy expenses, duplicate receipts, false claims, etc.
- Automatic policy compliance checks on all-expense reports based on budget, employee designation, and company policy.
What makes ExpenseOut reimbursement software stand out
Keep track of every single receipt through the cloud-based digital vault and pull whatever information you need at your convenience.
Process reimbursements instantaneously and delight your employees.
You no longer have to spend hours verifying whether each old receipt is authentic or not; the system does it for you.
Ensure that not a single dollar is misspent or wrongfully claimed by taking advantage of the expense reimbursement software’s AI capabilities.
Reimburse employees in the mode of choice and as soon as the expense report is sent to you through automatic approval based on policy compliance.
The expense reimbursement software can integrate with other tools, such as accounting systems to create a seamless expense management process.
The management can view spending in real-time and make better business decisions that save money.
